Tag: Ascent Media
Monitronics to acquire Security Networks
July 10, 2013Martha Entwistle
ENGLEWOOD, Colo.—Monitronics will have more than 600 dealers and 1 million accounts when it completes the $487 million acquisition, announced today, of super-regional security company Security Networks, the 14th largest residential alarm monitoring company in the United States.
The deal, which is expected to close Aug. 16, includes $487.5 million of cash, and 253,333 newly issued shares of Ascent Series A common stock with an agreed value of $20 million, according to the statement. The purchase...
Where's the media in Ascent Media?
March 17, 2011Martha Entwistle
PALM BEACH, Fla.—The media in Ascent Media—the new owner of Monitronics—is really limited to the company name. That was one of the messages from Bill Fitzgerald, chairman of the board of Ascent Media Corporation, at the Barnes Buchanan conference here in February.
He got some laughs from the conference crowd when he said: “You're looking at me and thinking 'Here come the cable guys again.'”
In some ways, Fitzgerald said, the crowd...